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The housing zones programme offers the chance to unlock brownfield land that has the potential to provide viable housing schemes. This is through a combination of:
long term investment funding
planning simplification (eg local development orders)
local authority leadership
dedicated brokerage support from central government and the Advisory Team for Large Applications (ATLAS) planning support.
Central government is making available £200 million of recoverable investment funding for housing zones in England outside of London. Local authorities who submit successful proposals for housing zones will also have access to cheaper borrowing at the Public Works Loan Board’s project rate for capital infrastructure expenditure, relating to the zone in 2014 to 2015 and 2015 to 2016.